Five Below, Inc. (NASDAQ:FIVE) Receives New Coverage from Analysts at Wells Fargo & Company

Wells Fargo & Company started coverage on shares of Five Below, Inc. (NASDAQ:FIVE) in a research report report published on Friday, November 3rd, Marketbeat.com reports. The brokerage issued an outperform rating and a $65.00 price objective on the specialty retailer’s stock.

A number of other analysts have also recently commented on the stock. Deutsche Bank AG restated a hold rating and set a $54.00 price objective (up from $53.00) on shares of Five Below in a research note on Thursday, August 31st. Royal Bank Of Canada lifted their price objective on shares of Five Below from $56.00 to $57.00 and gave the company an outperform rating in a research note on Thursday, August 31st. UBS AG cut shares of Five Below from a buy rating to a neutral rating and decreased their price objective for the company from $59.00 to $52.00 in a research note on Monday, July 10th. Zacks Investment Research upgraded shares of Five Below from a hold rating to a buy rating and set a $55.00 price objective for the company in a research note on Thursday, September 7th. Finally, BidaskClub lowered shares of Five Below from a buy rating to a hold rating in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Five Below currently has an average rating of Buy and an average price target of $55.66.

Five Below (NASDAQ:FIVE) traded up $0.50 during midday trading on Friday, reaching $58.03. 784,700 shares of the company’s stock were exchanged, compared to its average volume of 1,084,608. Five Below has a 1-year low of $36.90 and a 1-year high of $58.56. The stock has a market cap of $3,175.64, a P/E ratio of 39.68, a price-to-earnings-growth ratio of 1.21 and a beta of 0.80.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $283.30 million for the quarter, compared to analysts’ expectations of $276.37 million. Five Below had a net margin of 7.29% and a return on equity of 24.37%. The company’s revenue was up 28.7% compared to the same quarter last year. During the same period last year, the business earned $0.18 EPS. analysts expect that Five Below will post 1.66 earnings per share for the current year.

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In other news, insider Thomas Vellios sold 142,573 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $55.13, for a total transaction of $7,860,049.49. Following the transaction, the insider now owns 757,823 shares of the company’s stock, valued at approximately $41,778,781.99. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.92% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of FIVE. BlackRock Inc. lifted its position in Five Below by 27,003.0% in the first quarter. BlackRock Inc. now owns 6,826,168 shares of the specialty retailer’s stock valued at $295,641,000 after buying an additional 6,800,982 shares during the last quarter. Jennison Associates LLC lifted its position in Five Below by 24.1% in the third quarter. Jennison Associates LLC now owns 2,124,055 shares of the specialty retailer’s stock valued at $116,568,000 after buying an additional 412,641 shares during the last quarter. FMR LLC lifted its position in Five Below by 111.2% in the first quarter. FMR LLC now owns 715,096 shares of the specialty retailer’s stock valued at $30,970,000 after buying an additional 376,527 shares during the last quarter. Vanguard Group Inc. lifted its position in Five Below by 5.1% in the first quarter. Vanguard Group Inc. now owns 4,811,926 shares of the specialty retailer’s stock valued at $208,404,000 after buying an additional 235,589 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its position in Five Below by 42.2% in the second quarter. Macquarie Group Ltd. now owns 776,034 shares of the specialty retailer’s stock valued at $38,313,000 after buying an additional 230,191 shares during the last quarter.

About Five Below

Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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